Recap Y-0 failed to act as support when the pair staged a 1-2-3 sell to break below Y-0. The normal target of Y-1 was tagged mid week. Closed the week below Y-1 and at the low of the week.
Outlook The Y-2 target should be tagged early in the week. As long as Y-1 to B-0 acts as resistance, more downside is expected.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
NQ was the strong one and its bullish bias to tag Y+1 was fulfilled in the beginning of the week. From there we got an unusual consolidation around the ...
Lawrence's Comment
Recap
Gap down with Dow but testing the Y-0 zone only. Rallied since upto 100% absolute range expansion. As mentioned last week, we need a decisive break above Y+1 for ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
AUDUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Y-0 failed to act as support when the pair staged a 1-2-3 sell to break below Y-0. The normal target of Y-1 was tagged mid week. Closed the week below Y-1 and at the low of the week.
Outlook
The Y-2 target should be tagged early in the week. As long as Y-1 to B-0 acts as resistance, more downside is expected.
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